RBI working with government to penalize loan fraudsters

New Delhi: The Reserve Bank is working closely with the finance ministry to facilitate criminal investigations by law enforcement agencies to bring to book loan fraudsters, deputy governor R R Gandhi has said.

Containing frauds means focused action by all stakeholders, not leaving any flank uncovered, Gandhi said during an industry event here on Friday.

”One of the flanks was the criminal investigations done by law enforcement agencies and bringing to book fraudsters soon after a fraud is committed.